Chinese Shares End Mixed as Trade Surplus Widens, Sino-Japanese Tensions Flare
Chinese equities closed with mixed results on Tuesday as investors weighed an expanding trade surplus against fresh trade friction with Japan.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.2% higher to close at 3,940.55. The Shenzhen Component Index declined 0.5% to 13,703.21.China's trade surplus expanded to $119.1 billion in August from $112.5 billion in July, higher than the consensus forecast of $118.6 billion tracked by Investing.com. Exports rose 25% year over year to $401.4 billion, matching expectations and accelerating from the 23.9% growth in July.However, gains were capped by escalating Sino-Japanese tensions. China's Ministry of Commerce has imposed provisional anti-dumping measures on imports of dichlorosilane from Japan, following a preliminary investigation that found evidence of market injury.In company news, Beijing Tiantan Biological Products (SHA:600161) obtained official licenses from the Gansu Provincial Health Commission for four plasma collection stations under its Lanzhou subsidiary. Shares of the blood products manufacturer closed 4% higher Tuesday.
